1. the picture is copied from somewhere and doesn't seem to originate from TS

2. The 18% reduction in toll rates + freeze in any more toll rates increase in the future (effectively the toll rates will be fixed at once the 18% reduction is implemented), this already more than justify the 20 yrs increase in toll concession

3. The question is the offers from buyers of the toll concessions are already offering higher reduction in toll rates without asking for any extension to the concession - so EPF/Khazanah (meaning govt) is getting a better deal than just selling it to others, but a worse deal to rakyat who uses PLUS.

4. In future, there are going to be road upgrades, expansions, lane adding, new exits that will be used to justify concession extension again, or worse toll hikes.

Overall, don't like this new arrangement, but still better than selling it to private company and then re-nationalising PLUS once the private companies screw it up or suck it dry, ala MAS.

Black boxes, but still managed to extract the youtube video link.

But don't want to waste time seeing all the videos, just see Tony Pua's video. It would be interesting to see govt nationalize MEX highway for RM344 million to prove that what Tony Pua said of the contract is true.

At worse, nationalize it and put it under EPF, so the money doesn't go to cronies who then bites back the govt who gave him almost RM1b in grants to build MEX.

https://www.msn.com/en-my/news/national/maj...ying/ar-BBZ1jta

Wrong assumption, you're assuming 2.35% p.a. inflation, that's even lower than nationally 'controlled' inflation.

Vista Komanwel in Bkt Jalil, 1200 sqft condo transaction priced at RM184k in 2004, it fell even lower to RM16xk during 2008-2010, but now it's about RM550k-RM600k-ish.

That DST house in PJ why so lousy appreciation (2.35% p.a.) vs the Vista Komanwel (7.41% p.a.)?

All other calculation is just a blur to me since the assumption using PJ DST house is wrong.

Bro, I gotta give it to you, you really like to do the numbers.

All those are more or less give a picture of what the rakyat is in for, and I am of the same opinion that this is not the best deal for the rakyat, but better than selling it to some private company.

Do you know what, this realisation just came to me, even if govt take over the highways, tolls might not be abolished because there are maintenance that is needed on the highways.

Do you know the time value of RM3.28b in 2058 at 7.41% inflation rate is about RM200m in 2020? I don't think that amount is enough to maintain the highway on an annual basis.

Better hope the inflation rate is about 4.5% or below, at which point RM3.28b in 2058 is about RM600m in 2020 terms, that is better (without knowing how much PLUS is spending yearly to maintain and run the operations of the highway).

But looking at toll collection that you mentioned of RM4b, dividend of RM1b is 50% of profit, meaning the cost of maintaining and running the highway is about RM2b annually. RM600m in toll collection is seriously going to hamper PLUS operations in 2058.

Some years down the road, the toll rate is going to go up. Even though the agreement is to extend the concession to 2058, I think half way thru it, PLUS going to complain and get the toll rates increased, concession agreement to freeze the toll hike in exchange for extra 20 yrs concession can go to the dustbin.

Looking at it that way, we might not be getting such a bad deal after all.

I see, 2017 also loss making. Like that most assumptions are out. Then how do they intend to reduce toll rates a further 18%?

Profit in 2016 also about RM309m, "As of Dec 31, 2017, PLUS had accumulated losses of RM3.98bil that could be due to its dividend payouts exceeding its profits."

https://www.thestar.com.my/business/busines...-happen-to-plus

Then the narrative is not about how much we the rakyat will pay with the concession extension, this is then what PLUS need to do to reduce its cost and better manage itself, if not another bailout is coming soon.

https://forum.lowyat.net/topic/4893196/

The thread above, the maths lagi serious and terror.